Latest news
SRA disqualifies “dishonest” non-solicitor directors of SSB Group
Two non-solicitor directors of SSB Group have been disqualified from working in the profession after the Solicitors Regulation Authority found they had been dishonest.
Fast-growing conveyancing firm bought by private equity
A conveyancing law firm only set up in May 2021 has been bought by private equity in a deal that values it at £25m.
MP: Moving lawyers’ AML oversight to FCA “will help fraud fight”
Moving the supervision of lawyers’ anti-money laundering activities to the Financial Conduct Authority will strengthen the fight against fraud, a campaigning MP has told Legal Futures.
SRA urges target firms in acquisitions not to ignore due diligence
An SRA review of law firm acquisitions has highlighted failures and behaviours on the part of some target firms as a cause for concern.
SRA targets accountant’s reports and sole owners in shake-up
All law firm accountant’s reports will have to be submitted to the SRA in future, and sole owners will not generally be allowed to hold compliance roles too, under proposals published today.
Magic circle pay trainees less than US firms – and work them harder
The biggest City law firms are paying their trainees less than their US competitors but working them harder, according to new research showing how pay continues to spiral.
SRA shuts down four law firms in three days
The Solicitors Regulation Authority has shut down four law firms so far this week – two of them connected to the same man.
Government hints at more controls on RTA damages and costs
The government’s motor insurance taskforce reported yesterday with a hint that it may extend the whiplash tariff to other injuries and also review the small claims limit.
Don’t forget human support in the rush to digital, lawyers told
Both the structure and delivery of legal services – such as a lack of guidance and reactive communication – can cause difficulties for consumers, new research has found.
LSB: “Significant concerns” over viability of Legal Ombudsman
The Legal Services Board has expressed “significant concerns about the viability” of the Legal Ombudsman scheme as it struggles to get its caseload under control.
Blog
The power of participation for trainees and apprentices
It’s important as a trainee or an apprentice to get involved in the life of your firm – even under the pressure of discovering how to navigate professional life and now the demands of the SQE.
Is it time to change how law firms view compliance?
Although COFAs often hold senior positions and play an essential role in a firm’s financial and regulatory integrity, the perception of the compliance function itself is still evolving.
From templates to culture change: Lessons from the SRA on source of funds
The SRA’s new thematic review into source of funds and wealth reveals both progress and persistent blind spots, with source-of-funds checks too often thought of as a procedural hurdle.
